Make those changes: Seeing where you spent your time will help you identify problematic tasks so that you can adjust accordingly.Manageable scope creep: It’s much easier to keep this under control when time and budget are being monitored.Project start dates: Based on how your current project(s) are tracking, you have much better insight on when you can start something new, and if you need to re-prioritize or reassign work.(That being said, we recommend that you review estimates and correct them for accuracy if necessary.) Easy re-estimation of open tasks: As you track your time, effort remaining will automatically decrease, thus keeping your schedule accurate and up to date.Accurate delivery dates: With accurate estimates, your chances of delivering projects on time increase greatly.Accurate estimates: Good historical data on actual time spent will allow you to greatly improve your ability to estimate tasks and projects, and will help you gain credibility on estimates you provide to management and prospective customers.Get help when you need it: When projects are being completed past their deadlines, use data to prove that you need more resources on your team in order to complete additional projects in the time frame desired/required.Get a raise: Have you been pushing to increase your salary? Now you can show your boss exactly what you’ve been working on, how long you spent doing it, and even how much revenue it created for the company.Next time you’re feeling like you couldn’t bear to add one more minute to your timesheet, perhaps the list below will help remind you and your team why tracking time is a good idea. Time-tracking can feel painful, but the benefits extend much further than the accounting department.
Now that they’re visible, perhaps you can go about lowering them! Insights for billing/invoicing automation.Information collection for processing payroll efficiently.The ability to value work in process (especially if you have flat rates).Data for future project costing/ estimation.When your team participates, you’ll be able to see: The financial benefits of tracking time are obvious.
#TRACKINGTIME USER CAPACITY HOW TO#
Let’s back up a minute and take a look at how to answer those two pivotal questions: Tracking time has significant financial benefits
William Shakespeare said “Better three hours too soon than a minute too late.” Wise words when thinking about project management.
Knowing how long it takes to complete a task or a project aids in overall project planning and the ultimate success of that project. “How can I convince my team to track their time?” (I usually suggest bribery in the form of chocolate chip cookies.)Īt LiquidPlanner, we feel that tracking time spent on tasks is almost as important as the ability to manage those tasks in the first place. The same two questions come up over and over again: In my customer support role here at LiquidPlanner, I talk to a lot of new customers.
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